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Canadian oil giants pressured to invest sky-high profits in jobs, clean energy

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As Canadian oil companies report a massive windfall from surging prices, they're resisting calls to reinvest that cash.

Suncor made $2.95 billion in the first quarter of 2022, which is more than triple the amount from the same time last year. Meanwhile, Enbridge, Imperial Oil, Cenovus and Canadian Natural Resources also all made big profits in early this year.

As Heather Yourex-West reports, governments are pressuring energy giants to spend more on economic and climate commitments.

For more info, please go to https://globalnews.ca/news/8822031/suncor-energy-earnings-oil-prices/

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Category
U.S. & Canada
Tags
global news, canada, canadian oil
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